Mahindra Holidays to invest Rs. 800 crores in Tamil Nadu
→ The
company will build 3 greenfield resorts at unexplored locations
→ The
projects will create employment for over 1500 people
In a landmark development,
Mahindra Holidays & Resorts India Limited (MHRIL) India’s leading vacation
ownership and leisure hospitality company has signed an MOU with the Government
of Tamil Nadu solidifying a strategic partnership aimed at boosting tourism and
employment opportunities in the region.
Under the MoU, MHRIL will
make a substantial investment of Rs. 800 crores to build 3 greenfield resorts
over the next five to six years. Additionally, MHRIL will actively contribute
to the state's tourism sector, collaborating with the Government of Tamil Nadu
to foster its growth and enhancement. This partnership is not only a testament
to MHRIL's commitment to Tamil Nadu’s economic development but also signifies
its pivotal role in directly generating employment opportunities for over 1500
people, thereby contributing to the overall economy of the state.
This would be the
second-largest investment by MHRIL, following the Rs. 1000 crore investment
amount in Uttarakhand last year, and is part of the company’s robust expansion
plans, to increase the room inventory from 5000 to 10,000 by 2030. With this
significant investment, MHRIL will double its footprint in Tamil Nadu, with
Club Mahindra already operating resorts in Ooty and Kodaikanal.
Club Mahindra offers
magical holidays at more than 125 incredible resorts across India and abroad to
its strong member base of 2,90,000 happy families. These resorts offer 2000+
unique experiences that are specially curated to meet the holiday needs of
multiple generations within a family. The company in the past has established
holiday destinations in various locations including Binsar in Uttarakhand, Coorg
and Madikeri in Karnataka, Kumbhalgarh in Rajasthan, Munnar, Ashtamudi, and
Cherai in Kerala. Additionally, the company operates resorts in various other
distinctive locations like Kanha in Madhya Pradesh, Naldehra and Kandaghat in
Himachal, Gangtok in Sikkim, Udaipur, Jaipur, and Jaisalmer in Rajasthan,
Mahabaleshwar and Tungi in Maharashtra.
This investment is a
testament to the homeland of one of humanity’s living classical civilizations
that offers a wide range of tourist attractions- be it the ancient temples of
Meenakshi Amman, Brihadeesvara, and Rameswaram or the scenic beaches of
Mahabalipuram, Covelong, and Marina or the majestic hill stations of Ooty and
Kodaikanal or the wildlife sanctuaries of Mudumalai and Valparai or the UNESCO
declared world heritage sites. These locations showcase a blend of cultural,
architectural, and natural beauty of the state of Tamil Nadu.
As part of MHRIL’s
commitment to sustainability and aim to achieve carbon neutrality by 2040, all
the new resorts developed in Tamil Nadu will target to be champions of Net Zero
Energy, Water & Waste, and in the process become role models for
sustainable tourism in the state.